Based on the last 12 Balance of Trade events in United Kingdom, we expect a $750 movement on GBPUSD within 12 hours following the event release at 14 Jan 18:00. We expect GBPUSD to trend downwards 12 hours following the event release at 14 Jan 18:00 if the released value is > £-2.7B
Historical events that allowed us to draw this conclusion
11 Nov 18:00 |
11 Jun 16:00 |
12 May 16:00 |
12 Mar 18:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).